Bitcoin: Level Hit Triggers Upward Bounce
Bitcoin at $77178.82 bounces after level hit, targeting $80000+ with slight correction expected into Monday per Michaël van de Poppe.
SourceAnalysis
Bitcoin hit the noted level and delivered an immediate upward bounce, with Michaël van de Poppe projecting a mild pullback into Monday before a push toward $80000+ and potentially $82800.
Price action at $77178.82 sits inside Bollinger Bands with upper resistance at $80119.19, while RSI at 70.15 signals overbought conditions and MACD shows a death cross at 2299.06; this confluence points to a probable retracement toward the EMA50 support at $71199.29 before any sustained advance, offering spot accumulation zones below $76200 as leverage wicks create entry opportunities.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast